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Central bank independence and inflation: a note

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Author Info
Charles T. Carlstrom
Timothy S. Fuerst

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Abstract

We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two thirds of the improved inflation performance of these nations over the last two decades.

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File URL: http://www.clevelandfed.org/research/Workpaper/2006/wp0621.pdf
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Publisher Info
Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 0621.

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Date of creation: 2006
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Handle: RePEc:fip:fedcwp:0621

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Keywords: Banks and banking Central Inflation (Finance)

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This page was last updated on 2008-11-7.

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